Shares in Portuguese wind power company EDP Renovaveis have fallen 2.4% in early trading after the company was forced to price its initial public offering low to guarantee investor demand in a sign that investor appetite for the renewable energy sector may be exaggerated.
The â¬1.57bn (â¬2.4bn) initial public offering has been the largest in Europe so far this year as volatile equity market conditions have deterred many issuers.
